Strategy is a high level plan to achieve one or more goals under conditions of uncertainty. Strategy is important because the resources available to achieve these goals are usually limited. Strategy generally involves setting goals, determining actions to achieve the goals, and mobilizing resources to execute the actions. A strategy describes how the ends (goals) will be achieved by the means (resources). Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes (Wikipedia).
Who Oversees the Firm
What is Going On In the Industry & External Environment
What is Going on Internally in the Firm
What the Firm Should Do Strategically
What Parts of the Firm Should Be Deployed or Divested
How Functional Areas Support the Firm Strategy
How Implement the Strategy
How to Know If The Strategy is Working